Thomas F. Darden has retired from the Quicksilver Resources Inc. board chairmanship and from his officer position effective Wednesday, the company said. He will remain on the board as a director and chairman emeritus and will continue to work for Quicksilver through the end of the year. He will be focused on pursuing a joint venture in British Columbia’s Horn River Basin, something that the Fort Worth, TX-based company has sought for some time (see Shale Daily, May 8). Darden is to retire from Quicksilver on Dec. 31 but will continue to advise the company on the Horn River development and other projects, the company said. W. Yandell Rogers was elected chairman Wednesday. He has served as an independent director since March 1999.
Articles from Rogers
Bowling Green, KY-based Allied Energy Group Inc. and Mammoth Energy Group Inc. announced a joint venture in which Allied will invest $1.5 million in a Rogers County, OK, coalbed methane project in exchange for a 33% working interest, leaving Mammoth’s wholly owned subsidiary, KMV Consulting Inc., with a 49.5% net revenue interest. Under terms of the agreement, the two companies also will be working jointly on a shallow natural gas project in Colorado and a large project in northeastern Montana.